MB0049 - PROJECT MANAGEMENT

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ASSIGNMENT

DRIVE	SUMMER  2014
PROGRAM	MBADS/ MBAFLEX/ MBAHCSN3/ MBAN2/ PGDBAN2
SUBJECT CODE & NAME	MB 0049 - PROJECT MANAGEMENT
BK ID	B1632
SEMESTER	2
CREDITS	4
MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Q1. There cannot be a single ideal structure for all organisations as different organisations have different size, environment, resources, technologies, and goals. There are many different ways in which people can be organized to work on projects. Explain in brief the most common types of organisation structures.

(Brief explanation of types of organisation structures: Functional-type organization – 3 marks ; Project-type organization – 4 marks; Matrix type organization – 3 marks Note: include advantages, disadvantages and examples for each type of structure )10 marks

Answer :  Types of organisation structures :

There are three main types of organizational structure: functional, project and matrix structure.

1. Functional-type organization:

It is set up so that each portion of the organization is grouped according to its purpose. In this type of organization, for example, there may be a marketing department, a sales department and a production department. The functional structure works very well for small businesses in which each department can rely on the talent and knowledge of its workers and support itself. However, one of the drawbacks to a functional structure is that the coordination and communication between departments can be restricted by the organizational boundaries of having the various departments working separately.

Q2. Write short notes on:

 Work Breakdown Structure(WBS)

Answer :  A work breakdown structure is a key project deliverable that organizes the team's work into manageable sections. The Project Management Body of Knowledge (PMBOK) defines the work breakdown structure as a "deliverable oriented hierarchical

 Rules for network construction

Answer : RULES FOR NETWORK CONSTRUCTION

The following are the primary rules for constructing AOA diagram.

1.            The starting event and

 Risk retention

Answer :  According to the Dictionary of Business Terms, "risk retention" means the following:

"A method of self-insurance whereby the organization retains a reserve fund for the purpose of offsetting unexpected financial claims."

In the insurance world, risk

 Emerging methods of communication

Answer : Nonverbal communication (body language) consists of actions, gestures, and other aspects of physical appearance that, combined with facial expressions (such as smiling or frowning), can be powerful means of transmitting messages. At times, a person's body may be “talking” even as he or she maintains silence. And when people do speak, their bodies may sometimes say different things than their words convey. A mixed message occurs when a

Q3. Purchase cycle is a standard process that corporations and individuals progress through (in order) when purchasing a product or service. It is also known as the 'buying cycle' or 'purchase process'. Explain the elements of the purchase cycle of a project .

(Explanation of elements : Indent goods; Shortlist suppliers; ‘Invite, receive and choose bid’; Preparation and placement of purchase order; Follow-up; ‘Receipt, inspection and storage of goods’, Maintenance of records - 8.75 i.e. 1.25 marks each ; conclusion –1.25 marks)10 marks

Answer :  Elements of the purchase cycle of a project:

                      

Purchasing is the "process of buying". Many assume purchasing is solely the responsibility of the purchasing department.

1. Indent goods;

Q4. Write short notes on Earned Value Method (EVM)

(EVM explanation – 2 marks; parameters to calculate performance measures- 6 marks; plot of BCWS versus time - 1 mark; plots of BCWS, ACWP, and BCWP for a typical project- 1 mark) 10 marks

Answer :  Earned value method :

Earned value analysis is a method of performance measurement. Many project managers manage their project performance by comparing planned to actual results. With this method, one could easily be on time but overspend according to the plan. A better method is earned value because it integrates cost, schedule and scope and can be used to forecast future performance and project completion dates. It is an “early warning”  program/project management tool that enables managers to identify and control problems before they become insurmountable. It allows projects to be managed better – on time, on budget.

Parameters to calculate performance measures :

Q5. What are the common features available in PM software packages?

(Features – 9 marks; conclusion – 1 mark) 10 marks

Answer : Features in PM Software packages :

1.Collaborate on Projects with Clients and Staff:

With the multi-user log-ins you can control who has access to your Project Management Software. Your clients, staff, vendors, Outsource Resources and at home workers will all be kept up to date on the projects they are assigned to.

Q6. A project should earn sufficient return on the investment. The very idea of promoting a project by an entrepreneur is to earn attractive returns on investment on the project. If there are many alternative

projects, all of which, at first sight, appear to be more or less equal in profit earning capacity, the investor should make a comparative study of the return on the different alternative proposals before choosing one. Such financial analysis broadly falls under two categories. They are:

• No discounted cash flow techniques
• Discounted cash flow techniques

Explain the subdivisions within the above two categories.

(No discounted cash flow techniques: Pay Back Period (PBP) method, Accounting Rate of Return (ARR) method - 3 marks i.e. 1.5 marks each; Discounted cash flow techniques: Net Present Value (NPV) method – 4 marks, Internal Rate of Return (IRR) method – 3 marks)

Answer :  No discounted cash flow techniques:

1. Pay Back Period (PBP) method:

Method of evaluating investment opportunities and product development projects on the basis of the time taken to recoup the investment. This period is compared to the required payback period to determine the acceptability of the investment proposal.

Formula:

Payback period (in years) = Initial capital

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

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or

Call us at : 08263069601

(Prefer mailing. Call in emergency )